Insider Selling: Duolingo, Inc. (NASDAQ:DUOL) CFO Sells 4,464 Shares of Stock

Duolingo, Inc. (NASDAQ:DUOL) CFO Matthew Skaruppa sold 4,464 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $313.55, for a total transaction of $1,399,687.20. Following the completion of the transaction, the chief financial officer now directly owns 63,266 shares of the company’s stock, valued at $19,837,054.30. This represents a 6.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Matthew Skaruppa also recently made the following trade(s):

• On Thursday, January 2nd, Matthew Skaruppa sold 5,000 shares of Duolingo stock. The shares were sold at an average price of $324.48, for a total transaction of $1,622,400.00.

Duolingo Price Performance

DUOL stock traded down $3.86 during trading on Tuesday, reaching $312.52. 428,672 shares of the company were exchanged, compared to its average volume of 481,496. The company has a market cap of $13.75 billion, a P/E ratio of 170.78 and a beta of 0.87. Duolingo, Inc. has a 52-week low of $145.05 and a 52-week high of $378.48. The stock’s 50 day moving average price is $336.04 and its 200 day moving average price is $266.40. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.09 and a current ratio of 3.09.

Duolingo (NASDAQ:DUOL) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.14. The firm had revenue of $192.59 million for the quarter, compared to the consensus estimate of $189.19 million. Duolingo had a net margin of 12.59% and a return on equity of 11.74%. The firm’s revenue was up 39.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.06 earnings per share. As a group, analysts predict that Duolingo, Inc. will post 2.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Needham & Company LLC raised their price objective on shares of Duolingo from $370.00 to $385.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Piper Sandler lifted their price target on shares of Duolingo from $271.00 to $351.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Scotiabank began coverage on shares of Duolingo in a research note on Thursday, December 5th. They set a “sector outperform” rating and a $425.00 price target on the stock. Barclays lifted their price target on shares of Duolingo from $183.00 to $295.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 7th. Finally, JMP Securities lowered shares of Duolingo from an “outperform” rating to a “market perform” rating in a research note on Monday, October 14th. Six investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $353.90.

Hedge Funds Weigh In On Duolingo

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mount Lucas Management LP raised its position in Duolingo by 2.4% during the third quarter. Mount Lucas Management LP now owns 1,340 shares of the company’s stock worth $378,000 after acquiring an additional 32 shares during the last quarter. CIBC Asset Management Inc raised its position in Duolingo by 3.1% during the third quarter. CIBC Asset Management Inc now owns 1,061 shares of the company’s stock worth $299,000 after acquiring an additional 32 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its position in Duolingo by 3.9% during the second quarter. Mercer Global Advisors Inc. ADV now owns 1,962 shares of the company’s stock worth $409,000 after acquiring an additional 73 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Duolingo by 164.6% in the third quarter. Farther Finance Advisors LLC now owns 127 shares of the company’s stock valued at $36,000 after buying an additional 79 shares during the last quarter. Finally, True Wealth Design LLC acquired a new position in shares of Duolingo in the third quarter valued at approximately $26,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Duolingo Company Profile

Duolingo, Inc operates as a mobile learning platform in the United States, the United Kingdom, and internationally. The company offers courses in 40 different languages, including Spanish, English, French, German, Italian, Portuguese, Japanese, and Chinese through its Duolingo app. It also provides a digital English language proficiency assessment exam.